- Companies
- MidOcean Energy
MidOcean Energy Funding, Investors & Competitors
MidOcean Energy has raised $3B across 4 funding rounds, most recently a $1.1B strategic investment round in July 2026.
Last MidOcean Energy funding round
$1.1B
Strategic investment · Jul 2026
Cumulative funding MidOcean Energy raised
$3B
across 4 funding rounds
Key investors in MidOcean Energy
Aramco
Idemitsu Kosan
The Arab Energy Fund
Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan
About MidOcean Energy
MidOcean Energy is an Amsterdam-headquartered investment manager assembling a portfolio of liquefied natural gas assets across the value chain. The firm targets long-term stakes in LNG production, regasification terminals, and shipping with a focus on low-carbon projects in the U.S. Gulf Coast and Qatar. Launched in 2021, MidOcean Energy debuted its debut fund with commitments from Temasek and APG.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Investment management
MidOcean Energy Funding History
MidOcean Energy has raised a total of $3B across 4 funding rounds.
MidOcean Energy's first fundraising round was a $500M strategic investment round in September 2023. The most recent completed round was a $1.1B strategic investment round in July 2026.
MidOcean Energy funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Strategic investment | Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan (lead) | $1.1B | The Private Department of Sheikh Mohammed bin Khalid Al Nahyan committed to invest $1.13 billion in MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, marking the Private Department's first entry into the global LNG sector. This investment is part of MidOcean's broader $2 billion capital-raising drive, which also includes a separate $120 million capital investment from The Arab Energy Fund (TAEF) received in parallel. The deal strengthens MidOcean's institutional shareholder base and includes a strategic partnership between the Private Department and EIG to develop energy and infrastructure investment opportunities in the UAE and selected regional markets. MidOcean Energy operates as a pure-play LNG company with a balance sheet exceeding $5 billion, holding interests in LNG projects across the Americas and Australia, supported by a marketing office in Singapore and a corporate office in London. The company previously saw Saudi Aramco increase its stake to 49 percent in September 2024 after funding MidOcean's acquisition in Peru. |
| May 2026 | Undisclosed stage | The Arab Energy Fund (lead) | $120M | The Arab Energy Fund committed US$120 million to MidOcean Energy as part of MidOcean’s ongoing equity capital raise in May 2026. The investment was described as an equity commitment and part of a broader target to raise up to US$2 billion from new investors. The transaction fits MidOcean Energy’s strategy of expanding its LNG platform through new capital from strategic investors. Reports on the round state that MidOcean had previously raised US$1.29 billion from Idemitsu Kosan and other investors, and that the company continues to pursue additional capital to support its growth plans. The Arab Energy Fund’s investment adds to that fundraising effort rather than representing an acquisition or control transaction. MidOcean Energy is EIG’s LNG-focused platform, and the company announced the investment as part of its equity raise program. Available reports identify the round as a capital increase / equity raise, but do not provide disclosed revenue, EBITDA, or valuation for MidOcean in the cited materials. |
| Mar 2026 | Strategic investment | Idemitsu Kosan (lead) | $1.3B | - |
| Sep 2023 | Strategic investment | Aramco (lead) | $500M | MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in global energy and infrastructure. It is in the process of acquiring interests in four Australian LNG projects as part of a growth strategy to build a diversified global LNG business. On September 28, 2023, Saudi Aramco signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million, marking Aramco's first international investment in LNG. The transaction is subject to regulatory approvals and closing conditions, with Aramco holding an option to increase its shareholding in the future. The deal builds on the prior relationship between Aramco and EIG, which participated in a consortium that acquired a 49% stake in Aramco Oil Pipelines Company in 2021. Aramco views the partnership as a step to become a leading global LNG player, capitalizing on expected long-term growth in LNG demand driven by the energy transition. MidOcean Energy's CEO De la Rey Venter, formerly with Shell, emphasized the synergy with Aramco's long-term strategic approach. |
Who has invested in MidOcean Energy?
4 investors have backed MidOcean Energy across its funding rounds, including Aramco, Idemitsu Kosan, The Arab Energy Fund and Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan.
Lead investors include Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan, The Arab Energy Fund, Idemitsu Kosan and Aramco.
MidOcean Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jul 2026 | ||
| 1 | Lead | Sep 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by MidOcean Energy
MidOcean Energy has acquired 1 company to date.
Last acquisition by MidOcean Energy was on March 27th 2023. MidOcean Energy acquired Origin (integrated gas unit) for undisclosed valuation.
Latest Acquisitions by MidOcean Energy
| Description | Origin Integrated Gas Unit is a Brisbane-headquartered division of Origin Energy managing LNG production from the Australia Pacific LNG project on Curtis Island. It processes 8 million tons of LNG annually from coal seam gas fields in the Surat and Bowen Basins, exporting to Japan and China. The unit hedges 70 percent of volumes and trades spot cargoes through its APLNG facility. |
| HQ Country | |
| HQ City | Sydney |
| Deal Date | 27 Mar 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MidOcean Energy acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by MidOcean Energy
MidOcean Energy has invested in 1 company to date.
Latest investment by MidOcean Energy was on February 8th 2024. MidOcean Energy invested in Peru LNG in their $257M Secondary round.
Latest Investments by MidOcean Energy
| Description | Peru LNG is a Pampa Melchorita-based operator of South America's first LNG liquefaction plant with capacity to produce 4.45 million tonnes per annum. The facility exports to markets in Asia and Europe while supplying domestic gas needs. Jointly owned by Shell, Petroperú, Huntsman, and Promigas, it adheres to ISO 14001 environmental standards and funds community programs in Cañete province. |
| HQ Country | |
| HQ City | Buenos Aires |
| Deal Date | 8 Feb 2024 |
| Round | Secondary |
| Raised | $257M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MidOcean Energy investments and their VC round multiples. Start Free Trial | |
MidOcean Energy Competitors
MidOcean Energy competitors include listed companies like GE Vernova, Charles Schwab, Reliance Industries and Siemens Energy, and private ones like Crypto.com and SK on.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $38B | $3.2B | $246B | 5.4x | ||
| Publicly listed | $24B | $14B | $181B | 6.4x | ||
| Publicly listed | $110B | $20B | $176B | 1.7x | ||
| Publicly listed | $45B | $4.5B | $134B | 2.4x | ||
| Private | $1.5B | - | $20B | 13.3x | ||
| Private | - | - | $17B | - |
MidOcean Energy Public Comps
MidOcean Energy is still privately-owned, but its public comps include GE Vernova, Charles Schwab, Reliance Industries, Siemens Energy, Enbridge, Robinhood, Quanta Services, Williams Companies, Enterprise Products and Energy Transfer.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $24B | $14B | 7.3x | 6.4x | 12.7x | 10.9x | |||
| $110B | $20B | 1.9x | 1.7x | 10.4x | 10.3x | |||
| $45B | $4.5B | 2.7x | 2.4x | 27.3x | 16.1x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $4.5B | $2.2B | 23.5x | 21.0x | 48.0x | 38.4x | |||
| $28B | $2.5B | 3.5x | 2.7x | 38.8x | 26.3x | |||
| $12B | $7.4B | 10.1x | 9.8x | 16.4x | 14.6x | |||
This data is available for Pro users. Sign up to see all MidOcean Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MidOcean Energy
| When was MidOcean Energy founded? | MidOcean Energy was founded in 2022. |
| Where is MidOcean Energy headquartered? | MidOcean Energy is headquartered in Washington, DC, United States. |
| Is MidOcean Energy publicly listed? | No, MidOcean Energy is a private, VC-backed company. |
| How much funding has MidOcean Energy raised? | MidOcean Energy has raised $3B across 4 funding rounds. |
| What was MidOcean Energy's last funding round? | MidOcean Energy's last funding round was a $1.1B strategic investment round in July 2026, led by Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan. |
| Who are MidOcean Energy's investors? | MidOcean Energy's investors include Private Department of H.E. Sheikh Mohamed Bin Khalid Al Nahyan, Aramco, The Arab Energy Fund and Idemitsu Kosan. |
| Which companies are comparable to MidOcean Energy? | Companies comparable to MidOcean Energy include GE Vernova, Charles Schwab, Reliance Industries, Siemens Energy, Crypto.com and SK on. |
| How many companies has MidOcean Energy acquired? | MidOcean Energy has acquired 1 company, including Origin (integrated gas unit). |
| How many companies has MidOcean Energy invested in? | MidOcean Energy has invested in 1 company, including Peru LNG. |
| What was MidOcean Energy's last investment? | In February 2024, MidOcean Energy invested in Peru LNG's $257M secondary sale. |
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